The Formula for Computing a Basic Price Index Is

question 64

Multiple Choice

The formula for computing a basic price index is

• A) (cost of market basket today/cost of market basket in base year) × 100.
• B) (cost of market basket in base year/100) × cost of market basket today.
• C) (cost of market basket in base year/cost of market basket today) × 100.
• D) (100/cost of market basket in base year) + cost of market basket today.

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